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OpenAI investors lead $1.2T funding round
OpenAI is exploring a pre-IPO funding round of $1.2 trillion, despite the management not having yet begun formal discussions. The company is capitalizing on its strong financial position after raising $122 billion and achieving a total valuation of $852 billion last March. It is also preparing for an initial public offering on Wall Street that could set records in 2027. These plans come amid lingering concerns over regulatory and security scrutiny following a security incident that caused some of its models to go out of control and led to a breach of the Hugging Face platform. This prompted company founder Sam Altman to support initiatives to slow down development to ensure safety.
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